Cortez, Colorado Homeowners Insurance
If you are a homeowner, you will more than likely need an HO-3 policy. This type of home insurance covers the cost of your property and your physical assets inside of it. It protects you from serious accidents, liability, and some medical payments.
Most home insurance policies require you to pay a deductible before they give you the rest of the insurance money. For this reason, choosing an affordable HO-3 premium is important. The average cost of homeowners insurance in Cortez is $1,075. This is on the lower end for general HO-3 insurance. However, there are even cheaper options for homeowners on a budget.
Learn more about cheaper home insurance companies down below:
- Teachers Insurance – $1,006
- Armed Forces – $950
- Stillwater – $856
- Horace Mann – $792
- AIG – $634
List of Companies & Rates for HO-3 Coverage in Cortez, CO
| Company | Annual Premium |
|---|---|
| Grange Insurance | $423 |
| American Reliable | $430 |
| Alliance | $475 |
| Economy Premier | $518 |
| United Fire | $534 |
| 360 | $562 |
| Farmers Insurance Exchange | $581 |
| Farmers | $583 |
| ANPAC | $614 |
| AIG | $634 |
| Encompass | $661 |
| ANGIC | $707 |
| Mountain Valley | $738 |
| Homesite | $744 |
| Metropolitan Property | $764 |
| Metropolitan Direct | $769 |
| American Strategic | $773 |
| Horace Mann | $792 |
| National Farmers | $818 |
| Safeco | $819 |
| QBE Insurance | $843 |
| State Farm | $851 |
| Stillwater | $856 |
| Trumbull | $871 |
| Shelter | $872 |
| IDS | $893 |
| Hartford Fire | $902 |
| Horace Mann Property | $913 |
| Twin City Fire | $930 |
| Hartford Accident | $940 |
| Armed Forces | $950 |
| Colorado Farm Bureau | $951 |
| Praetorian | $960 |
| Pharmacists Mutual | $983 |
| Teachers Insurance | $1,006 |
| SECURA Supreme | $1,011 |
| Allstate | $1,036 |
| American Family | $1,061 |
| American Security | $1,112 |
| California Casualty | $1,113 |
| SECURA | $1,149 |
| Acuity | $1,167 |
| The Cincinnati | $1,168 |
| Esurance | $1,190 |
| CENTRAL | $1,250 |
| COUNTRY Mutual | $1,348 |
| USAA | $1,449 |
| Great Northern | $1,469 |
| Liberty | $1,499 |
| National Casualty | $1,538 |
| Amica | $1,540 |
| Electric Insurance | $1,544 |
| Vigilant | $1,545 |
| LM Insurance | $1,578 |
| Foremost Grand Rapids, Michigan | $1,589 |
| United Services | $1,619 |
| Federal | $1,624 |
| Pacific | $1,624 |
| USAA General | $1,676 |
| CSAA | $1,686 |
| Garrison | $1,699 |
| Standard Guaranty | $1,814 |
| Owners Insurance | $1,827 |
| Auto-Owners | $2,241 |
| Average | $1075.41 |
Cortez Condo Insurance
A much cheaper way to live and own a home is through a condominium or shared housing. Sharing property with others increases the likelihood of needing your insurance, however. Choosing to live in a condominium makes you eligible for HO-6 homeowners insurance. This type of insurance protects your assets inside of the condominium and any accidents as a result of your neighbors are covered.
Expect the average for an HO-6 policy to be $422.69. This goes hand-in-hand with the national average, and most condominium homeowners pay around this rate. There are quite a few cheaper options, on the other hand.
For more budget-friendly condo insurance, take a look at some of the companies below:
- Safeco – $405
- Electric Insurance – $381
- Twin City – $317
- National Farmers – $241
List of Companies & Rates for HO-6 Coverage in Cortez, CO
| Company | Annual Premium |
|---|---|
| SECURA Supreme | $86 |
| SECURA | $116 |
| Economy Premier | $161 |
| 360 | $173 |
| Metropolitan Property | $197 |
| ANPAC | $202 |
| State Farm | $218 |
| ANGIC | $228 |
| United Fire | $228 |
| Metropolitan Direct | $229 |
| Colorado Farm Bureau | $239 |
| Grange Insurance | $240 |
| National Farmers | $241 |
| Mountain Valley | $243 |
| Allstate | $256 |
| California Casualty | $269 |
| Encompass | $275 |
| COUNTRY Mutual | $291 |
| Farmers Insurance Exchange | $293 |
| Trumbull | $298 |
| Hartford Fire | $305 |
| Horace Mann | $305 |
| Acuity | $310 |
| Foremost Grand Rapids, Michigan | $310 |
| Twin City Fire | $317 |
| Hartford Accident | $318 |
| Shelter | $318 |
| Farmers | $342 |
| CENTRAL | $349 |
| American Family | $373 |
| Electric Insurance | $381 |
| Safeco | $405 |
| American Strategic | $444 |
| Armed Forces | $449 |
| Great Northern | $449 |
| National Casualty | $457 |
| Auto-Owners | $459 |
| Owners Insurance | $459 |
| Vigilant | $470 |
| Teachers Insurance | $474 |
| Federal | $493 |
| Pacific | $493 |
| USAA General | $544 |
| Amica | $553 |
| CSAA | $568 |
| Liberty | $602 |
| LM Insurance | $633 |
| Stillwater | $649 |
| Homesite | $672 |
| AIG | $682 |
| American Bankers Florida | $686 |
| The Cincinnati | $719 |
| Praetorian | $749 |
| IDS | $834 |
| USAA | $838 |
| United Services | $847 |
| Pharmacists Mutual | $877 |
| Garrison | $900 |
| Average | $422.69 |
Cortez Renters Insurance
An HO-4 policy protects renters from any property loss or liability. It does not cover the landlord’s property. Instead, it covers the renter’s property inside the rented area. This includes furniture, the renter’s appliances, and anything else the renter owns. Renters insurance also covers medical payments in case of an accident.
The average cost of renters insurance in Cortez is $258.55. An HO-4 requires a deductible before paying the rest of the renters insurance. For this reason, a renter may choose to have a higher premium for a lower deductible. To avoid paying a high premium, the best route to take is a cheaper company with lower premiums and deductibles. This is more feasible if the renter has lower-cost property.
Pay a lower premium by opting for cheaper renters insurance companies. Take a look at them here:
- Auto-Owners – $238
- IDS – $220
- Market American – $216
- Farmers – $201
List of Companies & Rates for HO-4 Coverage in Cortez, CO
| Company | Annual Premium |
|---|---|
| Economy Premier | $86 |
| 360 | $115 |
| ANPAC | $127 |
| National Farmers | $139 |
| ANGIC | $143 |
| California Casualty | $143 |
| State Farm | $146 |
| Farmers Insurance Exchange | $155 |
| SECURA Supreme | $155 |
| Stillwater | $155 |
| Alliance | $162 |
| Praetorian | $162 |
| Allstate | $166 |
| Colorado Farm Bureau | $187 |
| Mountain Valley | $189 |
| Grange Insurance | $191 |
| SECURA | $191 |
| Trumbull | $192 |
| Metropolitan Direct | $194 |
| Acuity | $196 |
| Hartford Fire | $196 |
| Farmers | $201 |
| Hartford Accident | $203 |
| Twin City Fire | $203 |
| Homesite | $210 |
| American Family | $213 |
| Markel American | $216 |
| Metropolitan Property | $218 |
| American Strategic | $219 |
| IDS | $220 |
| Aspen American | $228 |
| CENTRAL | $229 |
| Auto-Owners | $238 |
| Owners Insurance | $238 |
| American Modern | $239 |
| CSAA | $239 |
| Safeco | $253 |
| Century-National | $254 |
| Great Northern | $254 |
| Shelter | $254 |
| Foremost Grand Rapids, Michigan | $255 |
| United Fire | $255 |
| Electric Insurance | $263 |
| Vigilant | $264 |
| Amica | $272 |
| Federal | $276 |
| Pacific | $276 |
| Horace Mann | $278 |
| First American | $281 |
| Teachers Insurance | $281 |
| COUNTRY Mutual | $293 |
| National Casualty | $299 |
| American Bankers Florida | $300 |
| Encompass | $357 |
| USAA General | $371 |
| Garrison | $385 |
| USAA | $385 |
| American Family Home | $417 |
| United Services | $418 |
| Pharmacists Mutual | $444 |
| Liberty | $460 |
| LM Insurance | $483 |
| AIG | $701 |
| The Cincinnati | $814 |
| Average | $258.55 |
Census
Cortez, Colorado is a tiny urban city, but about 5% of the population lives in the rural parts. Only 8,709 people live in the small area, so it is a good place for homeowners that enjoy very small towns. The average household only earns $42,135 per year, but the median price of rent is only $817. The cost of living is very manageable in Cortez, so it is an excellent place to live for lower-income homeowners.
Source: These numbers were taken directly from https://www.colorado.gov/dora/division-insurance. They were recorded accurately at the time of writing the article. However, all statistics and prices are subject to change over time. For that reason, please visit the website for the most up-to-date information on the statistics of Cortez, Colorado.
